Super Rich

The survey by the Earth4All initiative and Global Commons Alliance covered 22,000 citizens in the world's largest economies.

World Population Day: Middle class vs super rich in India | How rich do you have to be?

Middle class form the backbone of the Indian economy, but growing even faster are the ‘super rich’ category, more importantly households from India’s villages which are growing at a faster pace than households in metro cities. But as the saying goes, while the rich are getting richer, the poor are getting rich too, with the number of destitute going to reduce by half by the time we turn 100. World Population Day 2023.

Budget 2023: High tax rate on super-rich could be rationalised, says Porinju Veliyath

According to Porinju Veliyath, only economic progress will create jobs. For India, it's a decadal opportunity in terms of economic progress, he added.

Super rich Indians moving abroad: Who are they?

As an increasing number of super rich Indians actively try to move abroad, Moneycontrol takes a deep dive into the issue to figure out who exactly this growing group of our fellow citizens are, and why they want to hit foreign shores at the earliest.

The billionaire boom: How the super-rich soaked up COVID cash

The pandemic has only reinforced the rising inequality becoming ever more of a political issue, threatening to provoke popular backlashes against capitalism 

Indian government brushes off Indian tax officers' proposal for coronavirus tax on super rich

Some 50 officers of the Indian Revenue Service (IRS) recommended raising the highest tax rate to 40% for people with annual income above 10 million rupees ($131,130) or a wealth tax for those with net worth of 50 million or more in a report sent to the Central Board of Direct Taxes (CBDT) and shared on Twitter on Saturday.

One-third of Nifty companies trading at a reasonable value: Elara Capital

Nifty is trading close to its long-period average and about 1/3rd of the Nifty companies are trading at very reasonable value attribution to long-term earnings.

US billionaires are saying, “levy a tax on our wealth.” Should India follow suit?

A high wealth-to-income ratio is not a good thing from a financial stability point of view. Concentration of wealth in the hands of a few is a recipe for increasing social unrest especially when India is facing a crunch in even basic resources like clean drinking water.

Pvt philanthropy spends soar 6 times to Rs 36,000 cr in 2016

As the number of the super rich grows in India, so is the individual philanthropic giving, which soared six-fold between 2011 and 2016 from about Rs 6,000 crore to Rs 36,000 crore, a report has said.

7 Indian cities see growth in number of super-rich: Report

Seven Indian cities, including the financial capital Mumbai and political hub Delhi, have been named among Asia Pacific‘ top 20 cities in terms of growth in number of multi-millionaires, a report said.

Union Budget 2015: Super rich pay more & no respite for individuals in tax

Finance Minister has preferred to leave income tax exemption limit unchanged to Rs 2.5 lakh. Last year it was hiked by Rs 50,000.

DTC Bill may slap 35% new tax on super rich: Sources

The cabinet is all set to consider the revised direct tax code (DTC) Bill soon. No change is likely in the tax exemption limit, but the bill proposes a new 35 percent tax slab for people with income exceeding Rs 10 crore per annum.

What slowdown? Rich Europeans only getting richer

European region's super wealthy people posted strong wealth gains in 2012. According to a study by a wealth research firm, number of people with USD 30 mn worth in Europe grew six percent.

Can FM fix the fisc deficit with super rich, dividend tax?

I have with me three of the sharpest minds from corporate India. Two of them actually sharp finance minds Koushik Chatterjee, Group CFO of Tata Steel and Shankar Raman, CFO of Larsen and Toubro (L&T); also joining me is Mr. Pawan Goenka, President – Auto, Mahindra & Mahindra (M&M).

Tax rates for the World's Super Rich

Shravan Bhat reports How much are the wealthy currently shelling out to their governments?

Budget 2013 India: Should you really be calling yourself RICH?

With the finance minister using the tax axe on the uber rich, there are many reasons why you shouldn't be one

Budget 2013 Highlights: One-yr 10% tax on those with annual income over Rs 1 cr

The Budget has announced that a surcharge of 10 percent on individuals with income above Rs 1 crore for only one year.

Tax super rich in Budget to bring parity: Poll

A poll was conducted by CNBC-TV18 in collaboration with Linked-in on expectations from the finance minister in his Budget.

Budget may focus on reviving equity inflows: Kotak Mah Bank

C Jayaram, Joint MD of Kotak Mahindra Bank feels that though the market is optimistic about the Budget as of now given the promises made by the government in the last few months, it will be watching the Budget closely to see if the finance minister will deliver on these commitments.

Taxing super rich not real solution: HP Ranina

At 17.7% India has one of the lowest tax to gross domestic product (GDP) ratio. It is lower than the developed economies like the United States, the United Kingdom, Germany and France.

Money does not buy happiness in China: Survey

China's super-rich suffer because of the pressures brought about by their fortunes and are less happy than ordinary millionaires, according to a survey by a leading wealth magazine.

Super rich hold $32 trillion in offshore havens

Rich individuals and their families have as much as USD 32 trillion of hidden financial assets in offshore tax havens, representing up to USD 280 billion in lost income tax revenues, according to research published on Sunday.

Bill Gates sees philanthropy bug spreading

Bill Gates, one of the world's richest men and one of its best known philanthropists, said on Monday he hopes his passion for giving will soon start to take hold among the super-rich of China and India.